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About Brent Crude
BZ tracks the value of 1 barrel of Brent crude oil. Brent is the global benchmark crude grade produced in the North Sea, serving as the pricing reference for a large share of internationally traded oil.
On EdgeX, BZ is a synthetic perpetual market. EdgeX runs its own book and funding schedule, so its mark price and open interest are quoted independently.
BZ is listed as a EdgeX synthetic perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Energy, Commodities.
Frequently Asked Questions
- What is BZ?
- BZ tracks the value of 1 barrel of Brent crude oil. Brent is the global benchmark crude grade produced in the North Sea, serving as the pricing reference for a large share of internationally traded oil.
- Does trading BZ give me a claim on any physical crude oil?
- No. BZ is a synthetic perpetual with no delivery mechanism — there is no physical crude oil backing the contract and no way to take delivery of it. It gives price exposure only.
- In what unit and currency is BZ's price quoted?
- BZ's price tracks the value of 1 barrel of Brent crude oil and is quoted in U.S. dollars, like the underlying commodity markets.
- BZ on EdgeX is a synthetic perpetual market that tracks 1 barrel of Brent crude oil. It trades on EdgeX, so you can gain long or short exposure without holding the physical commodity.
- BZ on EdgeX is a synthetic perpetual market that tracks 1 barrel of Brent crude oil. It trades on EdgeX, so you can gain long or short exposure without holding the physical commodity.
- Can BZ's price on EdgeX differ from the price on other venues?
- Yes. EdgeX runs its own book and funding schedule, so its mark price and open interest are quoted independently and can differ from the same instrument on another venue.
- What does it mean that EdgeX runs its own funding schedule?
- Funding is a periodic payment between long and short positions that keeps a perpetual's price anchored to its underlying. EdgeX sets and settles its own funding on its own schedule, so the funding rate on EdgeX can differ from the funding rate on other venues.
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